China has vowed to take “necessary countermeasures” after the New York Stock Exchange decided to kick out three major Chinese telecom companies over Washington’s assumption that they are linked to the military.
The largest American exchange followed the suit of several other major stock index providers and announced on Friday that the securities of China Mobile, China Telecom, and China Unicom Hong Kong will be delisted between January 7 and January 11.It cited US President Donald Trump’s order that banned American investors from piling their money into Chinese firms which it deemed “Communist Chinese military companies.”
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“This …
